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#1864703 - 10/24/13 05:45 PM JP Morgan May Be Charged
Retread Offline
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Retread
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This should be interesting.

JP Morgan May Be Charged
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#1864738 - 10/24/13 06:39 PM Re: JP Morgan May Be Charged Retread
Doug Hendrickson Offline
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Doug Hendrickson
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"A criminal charge, depending on its nature, could prompt some clients to withdraw money from JPMorgan, and at a minimum could hurt the bank's reputation.

Criminal charges are also possible against individual JPMorgan employees who did business with Madoff, the report said."

So, it will be the usual, give us lots of money and we won't press charges against anyone because you're too big to fail and we wouldn't want you to lose any customers over this or besmirch your reputation with an actual criminal charge!!!!!
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#1864740 - 10/24/13 06:42 PM Re: JP Morgan May Be Charged Retread
edAudit Offline
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edAudit
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You are here
I still do not see criminal charges filed against JPM when the SEC who reviewed the books of Madoff for 20 years did not find anything and is not looking at criminal charges.

I would think that it would be a difficult case to prosecute and win.
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